Director Shareholding and Issue of Equity

Shanta Gold Limited
                        ('Shanta Gold' or 'the Company')

Directors' Shareholdings and Issue of Equity

Shanta Gold announces that application has been made for 145,981 new ordinary
shares of 0.01p each in the Company to be admitted to trading on the AIM market
of the London Stock Exchange. Further to the announcement on 30 June 2009
(providing for certain Directors to accept shares in the Company in lieu of
salary), the shares were allotted to certain directors of the Company on 11
February 2010 in lieu of salaries for the month of January 2010 in relation to
Mr Walton Imrie, Mr Walter Vorwerk and Mr David Scott.

Shares have been allotted to directors as follows:

+--------------+-------------+-----------+-----------------+-----------+
|Director      |Shares Issued|Share Price|Resultant Holding|Resultant %|
+--------------+-------------+-----------+-----------------+-----------+
|Walton Imrie  |61,416       |7.63p      |8,943,716        |8.52%      |
+--------------+-------------+-----------+-----------------+-----------+
|Walter Vorwerk|35,842       |7.63p      |465,389          |0.44%      |
+--------------+-------------+-----------+-----------------+-----------+
|David Scott   |48,723       |7.63p      |346,682          |0.33%      |
+--------------+-------------+-----------+-----------------+-----------+

The shares were issued at the closing mid-market price on the last business day
of the calendar month and converted at the exchange rate ruling at the close of
business on that date.

The new shares will rankpari passu with existing ordinary shares and dealings
are expected to commence in the new ordinary shares on 18 February 2010.

Following the allotment of the above new ordinary shares, the Company's issued
share capital will be 104,955,181 ordinary shares of 0.01p each.

For further information, please contact:



  Shanta Gold Limited
  Walter Vorwerk        Tel: [phone]




  Fairfax I.S. PLC
  Ewan Leggat / Laura Littley   Tel: [phone]

                                                           

[HUG#1384065]